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Florida mega-mansion Le Palais Royal hits market again for $159M

Photo Credit: Bryan Nieblas
Le Palais Royal, a French-inspired Beaux Arts mansion on Florida’s Atlantic Coast, has just been relisted for sale at $159 million. The more than 60,000-square-foot palatial estate sits on over 4 acres and 465 feet of beachfront on Millionaires Mile. For more information, please contact listing agent Mayi de la Vega of One Sotheby's International Realty.

The Palace of Versailles-inspired estate was originally offered for $139 million last year but was taken off the market, the Wall Street Journal reports. Project manager Joseph Leone, who has been working on the home for seven years, told WSJ that the owner, Middlesex Corp. founder Robert Pereira, decided to hold off on listing the property until the main house was nearly complete. Pereira also is building two guest houses on a smaller adjacent lot that will include an underground entertainment center with a go-kart course, ice-skating rink, bowling alley and nightclub, Leone said.

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